Everything you need to know about trade economics, in 70 words
... If we manage to negotiate a reduction in the Chinese trade surplus with the United States, we will have an increased trade deficit with some other country. Federal deficit spending, a massive and continuing act of dissaving, is the culprit. Control that spending and you will control trade deficits. ...
... If we manage to negotiate a reduction in the Chinese trade surplus with the United States, we will have an increased trade deficit with some other country. Federal deficit spending, a massive and continuing act of dissaving, is the culprit. Control that spending and you will control trade deficits. ...